📈 Bitcoin Update: 9% Recovery to $107K 🚀
Bitcoin bounced back from $98,385 to $107,000, showing strong momentum amid improving market sentiment.
Institutional demand remains solid thanks to $110M inflows into ETFs this week.
Ceasefire news from the Middle East eased global risks, while markets price in a likely Fed rate cut in July.
Key Levels to Watch:
🔹 Support: $105,300 / $99,500
🔹 Resistance: $108,800 / $109,870 / $114,950
The upcoming $40B options expiry on June 28 could bring volatility, but the current call-put ratio favors bulls.
Technical indicators signal a neutral-to-bullish momentum — RSI sits at 52, while Bollinger Bands tighten, hinting at a volatility breakout soon.
Stay alert and manage risks carefully! ⚠️